INVESTMENT IN BIOCHAR NOW, LLC (Details Narrative) - Biorchar Now LLC [Member] - USD ($) |
Sep. 14, 2017 |
Dec. 31, 2017 |
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| Initial loan | $ 300,000 | |
| Loan to be made or arranged | $ 7,700,000 | |
| Equity interest as repayment of loan | 20.00% | |
| Total proposed loans | $ 8,000,000 | |
| Interest rate | 6.00% | |
| Default interest rate | 12.00% | |
| Impaired loan | $ 300,000 |
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- Definition The amount committed to be loaned or arranged by the Company per loan and equity purchase agreement. No definition available.
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- Definition Contractual interest rate for funds loaned in default. No definition available.
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- Definition Percent of equity interest to be obtained as repayment of loans under loan and equity purchase agreement. No definition available.
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- Definition Contractual interest rate for funds loaned. No definition available.
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- Definition Total amount to be loaned per loan and equity purchase agreement. No definition available.
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- Definition Unpaid principal balance of impaired financing receivables for which there is a related allowance for credit losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) more than one year from the balance sheet date. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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